Middle East & Africa Laboratory Information Management System Market Size & Outlook
Middle East & Africa laboratory information management system market, 2018-2030 (US$M)
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MEA laboratory information management system market highlights
- The MEA laboratory information management system market generated a revenue of USD 70.4 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, cloud-based was the largest revenue generating product in 2023.
- Cloud-based is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 70.4 million |
| Market revenue in 2030 | USD 113.0 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Cloud-based |
| Fastest growing segment | Cloud-based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | On-premise, Web-hosted, Cloud-based |
| Key market players worldwide | Thermo Fisher Scientific Inc, Siemens AG, LabVantage Solutions, Inc., PerkinElmer, Abbott Laboratories, Illumina Inc, Labworks, LabLynx, LABTrack, Ovation Science Inc Ordinary Shares, Assaynet, LabWare, Autoscribe Informatics, Falcon Computing Solutions, CloudLIMS |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.1% of the global laboratory information management system market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 849.9 million by 2030.
Cloud-based was the largest segment with a revenue share of 43.04% in 2023. Horizon Databook has segmented the Middle East & Africa laboratory information management system market based on on-premise, web-hosted, cloud-based covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA region includes South Africa and rest of the countries in the Middle East and Africa. Growing need for laboratory automation is one of the factors responsible for the growth of LIMS market in this region.
However, limited number of skilled professionals and high cost of products may restrain the growth of the market. Major companies operating in the market include Thermo Fisher Scientific, Siemens AG, McKesson Corporation., and Illumina, Inc.
The GCC countries are new to clinical research, but with technological advancements and increasing digitization, countries are overcoming the challenges faced on technological front and are witnessing significant growth. Hence, adoption of laboratory informatics services in this region is expected to increase over the forecast period.
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Laboratory Information Management System Market Scope
Laboratory Information Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA laboratory information management system market size, by country, 2018-2030 (US$M)
Middle East & Africa Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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